The stock of Alliant Energy Corporation (NYSE:LNT) is a huge mover today! The stock increased 2.20% or $0.82 during the last trading session, hitting $38.05. About 1.98 million shares traded hands or 45.59% up from the average. Alliant Energy Corporation (NYSE:LNT) has risen 0.42% since March 29, 2016 and is uptrending. It has underperformed by 3.06% the S&P500.
The move comes after 7 months positive chart setup for the $8.70 billion company. It was reported on Oct, 31 by Barchart.com. We have $48.70 PT which if reached, will make NYSE:LNT worth $2.44B more.
Analysts await Alliant Energy Corporation (NYSE:LNT) to report earnings on November, 3. They expect $0.87 earnings per share, up 7.41% or $0.06 from last year’s $0.81 per share. LNT’s profit will be $198.92 million for 10.93 P/E if the $0.87 EPS becomes a reality. After $0.37 actual earnings per share reported by Alliant Energy Corporation for the previous quarter, Wall Street now forecasts 135.14% EPS growth.
Alliant Energy Corporation (NYSE:LNT) Ratings Coverage
Out of 4 analysts covering Alliant Energy (NYSE:LNT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Alliant Energy has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, March 21 by Argus Research. Barclays Capital downgraded Alliant Energy Corporation (NYSE:LNT) rating on Friday, June 10. Barclays Capital has “Equal-Weight” rating and $39 price target. Wells Fargo upgraded the stock to “Outperform” rating in Monday, November 16 report. The firm has “Overweight” rating given on Friday, March 18 by Barclays Capital. The stock of Alliant Energy Corporation (NYSE:LNT) earned “Outperform” rating by Wolfe Research on Friday, August 7. The firm earned “Buy” rating on Thursday, August 25 by Argus Research. The stock of Alliant Energy Corporation (NYSE:LNT) earned “Hold” rating by Zacks on Wednesday, August 12.
According to Zacks Investment Research, “Alliant Energy Corp. is a growing energy-services provider with operations both domestically and internationally. Alliant Energy provides electric, natural gas, water and steam services to customers worldwide. Alliant Energy Resources, Inc., the home of the company’s non-regulated businesses, has operations and investments throughout the United States as well as in Australia, Brazil, China, Mexico and New Zealand. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.05, from 1.12 in 2016Q1. The ratio increased, as 29 funds sold all Alliant Energy Corporation shares owned while 127 reduced positions. 57 funds bought stakes while 126 increased positions. They now own 289.44 million shares or 291.96% more from 73.85 million shares in 2016Q1.
Moreover, Schwab Charles Management has 0.03% invested in Alliant Energy Corporation (NYSE:LNT) for 614,218 shares. Parametric Assoc Lc holds 405,243 shares or 0.03% of its portfolio. Royal London Asset Management has invested 0.05% of its portfolio in Alliant Energy Corporation (NYSE:LNT). Miller Howard Invs Ny has 0.03% invested in the company for 40,870 shares. State Board Of Administration Of Florida Retirement has 0.05% invested in the company for 371,501 shares. Community Commercial Bank Na owns 4,230 shares or 0.04% of their US portfolio. Vaughan David Investments Il last reported 525,653 shares in the company. Amp Capital Limited last reported 138,634 shares in the company. M&R Cap Management, a New York-based fund reported 2,628 shares. Susquehanna Group Llp reported 29,800 shares or 0% of all its holdings. Firstmerit Bank N A Trustee has 0.02% invested in the company for 5,402 shares. Intl Group Inc last reported 7,611 shares in the company. Checchi Advisers Lc has 2,376 shares for 0.01% of their US portfolio. Chatham Cap Gp Inc has 20,340 shares for 0.25% of their US portfolio. Twin Tree Management Lp last reported 1,459 shares in the company.
Insider Transactions: Since May 10, 2016, the stock had 1 buying transaction, and 1 sale for $128,353 net activity. GALLEGOS JAMES H sold 5,000 shares worth $201,458. On Tuesday, May 10 the insider Dunie Deborah B. bought $73,105.
More important recent Alliant Energy Corporation (NYSE:LNT) news were published by: Prnewswire.com which released: “Alliant Energy golf outing raises over $400000 for food banks, more than $ 2.5 …” on October 26, 2016, also Prnewswire.com published article titled: “Alliant Energy Corporation Announces Third Quarter 2016 Earnings Release And …”, Prnewswire.com published: “Alliant Energy reaches agreement with customer groups on proposed wind project” on October 12, 2016. More interesting news about Alliant Energy Corporation (NYSE:LNT) was released by: Nasdaq.com and their article: “Alliant Energy (LNT) Q3 Earnings: What Awaits the Stock?” with publication date: October 31, 2016.
LNT Company Profile
Alliant Energy Corporation (Alliant Energy), incorporated on April 22, 1981, is a regulated investor-owned public utility holding company. The Firm provides regulated electric and natural gas services to its clients in Iowa and Wisconsin. The Companyâ€™s business divisions are Utility and Non-regulated, Parent and Other. The Utility segment includes the activities of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The utility business segment includes utility electric operations, utility gas activities and utility other, which includes steam activities and the unallocated portions of the utility business. The Companyâ€™s Non-regulated, Parent and Other segment includes the activities of Alliant Energy Resources, LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services, Inc. (Corporate Services); the Alliant Energy parent company, and any Alliant Energy parent firm consolidating adjustments.
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